Sonoco Products ( (SON) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Sonoco Products Company’s stock took a hit after it reported first-quarter revenue of $1.71 billion, which was below the expected $2.04 billion. Despite achieving record top-line and adjusted EBITDA performance, thanks to strong growth in its Consumer Packaging and Metal Packaging segments and the Eviosys acquisition, analysts lowered their price targets. This adjustment stems from the revenue shortfall and prevailing economic uncertainties. Sonoco remains committed to managing macroeconomic risks, reducing debt, and maintaining shareholder dividends while reaffirming its financial targets for 2025.
More about Sonoco Products
YTD Price Performance: -3.85%
Average Trading Volume: 859,531
Technical Sentiment Signal: Buy
Current Market Cap: $4.58B
For further insights into SON stock on TipRanks’ Stock Analysis page.
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